- XPeng(NYSE:XPEV)deliversa total of 5,102 Smart EVs in March 2021, an increase of 384% Y/Y and 130% M/M.
- March deliveries consisted of 2,855 P7s, and 2,247 G3s.
- The Company achieved record quarterly deliveries of 13,340 Smart EVs in Q1 2021, +487% Y/Y.
- XPEV attributed the record quarterly deliveries to its growing brand recognition and product appeal, expanded product portfolio and broadening service networks across China.
- In March 2021, the Company reached the benchmark of delivering cumulative 50,000 Smart EVs and started deliveries of its P7 Wing edition.
- XPeng also launched lithium iron phosphate, or LFP, battery-powered G3 SUVs and P7 sedans in China, anticipating deliveries to begin in April and May, respectively.
- The company plans to unveil its third production model in Q2, with deliveries planned in Q4 2021.
- XPeng also completed China’s longest autonomous driving expedition in March, setting records for autonomous driving in the production vehicle category.
- XPEV was on this week's Seeking Alpha's Catalyst Watch as BloombergNEF was to host a webinar covering theelectric vehicle space.
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